Apollo Global Management & Red Cove Capital Provide $125M Construction Loan For Multifamily In Ann Arbor, MI

The multifamily property located at 7405 Jackson Road in Ann Arbor, MI has recently undergone a closed transaction. The property covers a total square footage of 576,000 and comprises of 456 units. The asset type is multifamily, making it an attractive investment opportunity.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $125,000,000
• Address: 7405 Jackson Road, Ann Arbor, MI
• Square Footage: 576,000
• Number of Units: 456
• Lender: Apollo Global Management & Red Cove Capital
• Landlord: Hunter Pasteur Homes & Soave Enterprises
• Brokers: Aaron Appel, Sean Reimer, Jonathan Schwartz, Keith Kurland, Adam Schwartz, Mo Beler, & Jordan Casella - Walker & Dunlop
• Loan Type: Construction

The notable individuals and companies involved in this transaction include the lenders, Apollo Global Management and Red Cove Capital, as well as the landlords, Hunter Pasteur Homes and Soave Enterprises. The deal was facilitated by brokers Aaron Appel, Sean Reimer, Jonathan Schwartz, Keith Kurland, Adam Schwartz, Mo Beler, and Jordan Casella from Walker & Dunlop. Their expertise played a crucial role in successfully closing the transaction.